Advanced Accounting 14th Edition
The approach used by Hoyle, Schaefer, and Doupnik allows students to think critically about accounting, just as they will in their careers and as they prepare for the CPA exam. Read on to understand how students will succeed as accounting majors and as future CPAs by using
With this text, students gain a well-balanced appreciation of the accounting profession. As Hoyle 14e introduces them to the field’s many aspects, it often focuses on past controversies and present resolutions. The text shows the development of financial reporting as a product of intense and considered debate that continues today and will in the future.
The writing style of the 13 previous editions has been highly praised. Students easily comprehend chapter con-cepts because of the conversational tone used throughout the book. The authors have made every effort to ensure that the writing style remains engaging, lively, and consistent.
Students are better able to relate what they learn to what they will encounter in the business world after reading these frequent examples. Quotations, articles, and illustrations from Forbes, the Wall Street Journal, Time, and Bloomberg BusinessWeek are incorporated throughout the text. Data have been pulled from business, not-for-profit, and government financial statements as well as official pronouncements.
his feature facilitates student understanding of the underlying accounting principles at work in particular reporting situations. Similar to minicases, these questions help explain the issues at hand in practical terms. Many times, these cases are designed to demonstrate to students why a topic is problematic and worth considering.
McGraw-Hill has partnered with Roger CPA Review (Powered by UWorld), a global leader in CPA
Exam preparation, to provide students a smooth transition from the accounting classroom to successful completion of the CPA Exam. While many aspiring accountants wait until they have completed
their academic studies to begin preparing for the CPA Exam, research shows that those who become
familiar with exam content earlier in the process have a stronger chance of successfully passing the
CPA Exam. Accordingly, students using these McGraw-Hill materials will have access to Roger CPA
Review multiple choice questions supported by explanations written by CPAs focused on exam preparation. McGraw-Hill and Roger CPA Review are dedicated to supporting every accounting student
along their journey, ultimately helping them achieve career success in the accounting profession. For
more information about the full Roger CPA Review program, exam requirements, and exam content,
s in previous editions, the end-of-chapter material remains a strength of the text. The sheer number of questions, problems, and Internet assignments test and, therefore, expand the students’
knowledge of chapter concepts.
Excel Spreadsheet Assignments extend specific problems and are located on the 14th edition
Instructor Resources page, with template versions that can be provided to students for assignments. An Excel icon appears next to those problems that have corresponding spreadsheet
“Develop Your Skills” asks questions that address the four skills students need to master to pass
the CPA exam: Research, Analysis, Spreadsheet, and Communication. An icon indicates when
these skills are tested.
Consolidation of Financial Information 65
hoy47821_ch02_039-090.indd 65 07/30/19 09:16 PM
3. If the consideration transferred for an acquired firm exceeds the total fair value of the acquired firm’s
net assets, the residual amount is recognized in the consolidated financial statements as goodwill, an
intangible asset. When a bargain purchase occurs, individual assets and liabilities acquired continue
to be recorded at their fair values, and a gain on bargain purchase is recognized.
4. Particular attention should be given to the recognition of intangible assets in business combinations.
An intangible asset must be recognized in an acquiring firm’s financial statements if the asset arises
from a legal or contractual right (e.g., trademarks, copyrights, artistic materials, royalty agreements).
If the intangible asset does not represent a legal or contractual right, the intangible will still be recogn
|Download Ebook||Read Now||File Type||Upload Date|
|December 24, 2021|